Knowledge Bank - Real Estate is the locomotive of the economy
Sami Abdulaziz
Investors and businessmen have always sung the praises of the real estate industry and called it many titles, including the righteous son, the safe haven, the best decision, and real estate as the locomotive of the national economy in any country.Real estate is divided into the following categories: the righteous son, the safe haven, and the best decision.
Real estate is divided into: Land areas suitable for construction, - residential units - commercial units - administrative units, the important question is how does real estate become a locomotive for the national economy and why do financiers consider it at the forefront of industries and why does real estate occupy this position? <The answer to these questions and many other inquiries boils down to the fact that real estate is a strategic commodity that is indispensable for all citizens and their need for real estate, whether residential, commercial or administrative building to practice various activities, and the amount of money needed for the real estate industry is huge and exceeds most industries and investments in other activities, so we find investors in the field of real estate enter into partnership and form giant entities that can face huge challenges and fierce competition as banks and real estate financing has an effective role in maximizing and accelerating the movement of real estate buying and selling, and we cannot overlook the social role of residential real estate where families find housing and shelter and find those looking for shops for commercial activities and those who want to start an administrative work find an office or clinic, and real estate has a direct and indirect relationship with several thousand different industries and internal and external trade and here lies the secret in the description of real estate as the locomotive of the economy where If there is activity and prosperity for the real estate market, it will necessarily be accompanied by activity for all industrial and commercial sectors and the movement of financial liquidity and certain activity for banks and financing agencies, which leads to economic recovery and the rise in the value of the local currency and an increase in the public budget, as the real estate sector needs many workers in various locations, which contributes to the decrease in unemployment and increase the demand for labor and the advancement and development of society.
<There is no development for any country without distinct real estate activity and there is no stability for society without construction, the state alone cannot provide the required real estate and the private sector must enter strongly to make up the difference between supply and demand. <Real estate still holds a lot of secrets.
Sami Abdulaziz
Marketing Expert
